Telefónica Deutschland, better known as O2 Germany, today announced the upcoming launch of its new mobile payment solution for smartphone-to-smartphone direct money transfer as well as its new digital wallet. Telefónica is the first network operator in Germany to enable its customers to perform mobile-to-mobile transfers using the "mpass Geld senden" (send money) service. This allows to transfer money from one mpass account to another, virtually in real time. Compared to traditional bank transfers, the process is simple and convenient. There is no need to disclose the recipient's bank details. All a user need is recipient's mobile phone number.